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Harvard’s $34 Billion Endowment Not Immune to Financial Crisis
12 November 08 06:24 PM | Student Loan Girl | 0 Comments   

Harvard University’s whopping $34 billion endowment is declining in the current economic crisis, and the hits could keep coming, wrote university president, Drew Gilpin Faust , in a recent e-mail sent to students and employees (“ A Sober Message From Read More...

Filed under: Brown University, college endowments, college loans, Cornell University, Drew Gilpin Faust, financial aid, Harvard University, hiring freezes, NextStudent, student loans, The Boston Globe, The Chronicle of Higher Education

Senator Proposes Penalties for Colleges That Hoard Endowment Funds
15 May 08 11:58 AM | Student Loan Girl | 0 Comments   

In a recent letter to the U.S. House of Representatives Committee on Ways and Means , Rep. Peter Welch , D-Vermont, proposed restricting IRA rollover contributions to colleges that don’t use their endowments to help low and middle-income students pay Read More...

Filed under: college, college endowments, Committee on Ways and Means, Higher Education Act, house legislation, Internal Revenue Code, IRA, NextStudent, Peter Welch, Representative Peter Welch, student loans, The Chronicle of Higher Education, U.S. House of Representatives